Atlantia Acquires a 15.49% Stake in Eurotunnel (Getlink)

March 02, 2018 08:27 AM Eastern Daylight Time

ROME--(EON: Enhanced Online News)--Atlantia informs that it has reached an agreement for the acquisition of
100% of the share capital of Aero 1 Global & International S.à.r.l., an
investment vehicle fully controlled by funds managed by Goldman Sachs
Infrastructure Partners which owns 85,170,758 shares in Groupe
Eurotunnel S.E (Getlink), representing 15.49% of the share capital and
26.66% of the voting rights of the company.1Atlantia
will pay a total consideration of €1,056 million for the acquisition
corresponding to Euro 12.40 per Getlink share.

“The investment in Getlink represents an interesting financial
opportunity for the group. It is a very well managed business
with strong track record and competent management. We are proud
to become Getlink’s largest shareholder and we look forward to
contribute to the success of the company and its management team”

“The investment in Getlink represents an interesting financial
opportunity for the group.It is a very well managed business
with strong track recordand competent management. We are proud
to become Getlink’s largest shareholder and we look forward to
contribute to the success of the company and its management team”,
commented Atlantia’s CEO, Giovanni Castellucci.

Getlink operates 3 tunnels under the Channel and 2 terminals under a
concession agreement ending in 2086. Every year, Getlink moves more than
20 million passengers, 1.6 million trucks, 2.6 million cars, c.25% of
trade in goods between the United Kingdom and continental Europe and 1.7
billion tonnes-kilometres of freight. Getlink also operates a private
rail freight business (Europorte) and the future electrical
interconnector between the UK and France (ElecLink).

In 2017, Getlink revenues totaled €1,033 million and EBITDA reached €526
million. Getlink is listed on Euronext Paris and Euronext London with a
market capitalization of c. €5.7 billion as of 26 February 2018.

The transaction is not subject to any condition. The agreement provides
usual anti-embarrassment clauses in case of additional purchase or sale
of Getlink shares by Atlantia.